SlideShare a Scribd company logo
Supporting the work of
Quality Professionals ™
www.c-bg.com info@c-bg.com
Centauri Business Group Inc. 2008-2013
1
New Developments in Sustainability from the World
Economic Forum in Davos
The theme of the World Economic Forum (WEF) in Davos this year was
“Shared Norms for the New Reality.” Several speakers communicated that
the business world must come together in furtherance of sustainability goals
because cooperation through government has been slow to progress. The
conference celebrated the 10th anniversary of one such cooperative effort,
the Global Compact. This initiative was introduced to encourage companies
toward greater ambitions in the area of sustainability. This year, a new
platform for corporate sustainability leadership, Global Compact LEAD, was
introduced to challenge the member companies to implement the Blueprint
for Corporate Sustainability Leadership, a list of approximately 50 action
steps that companies can take to achieve improved sustainability.
At this year’s conference, the renowned Harvard Business School strategy professor, Michael Porter, put forth
his latest strategic concept: Shared Value. He suggested that the existing model for value creation that most
companies use is outdated and is based on optimizing short-term profitability at the expense of long-term
success. Porter proposed that companies need to create economic value in a way that also addresses the
problems and challenges facing society.
The “Shared Norms” theme also manifested itself in new reporting practices in various industries. Since the
transport industry is a key component of the value chain of most industries, companies that seek to achieve
sustainability are impeded in their efforts if their transport partners are not also assessing their own
sustainability. To address this issue, the conference introduced the Guidelines on Consignment-Level Carbon
Reporting, a set of principles to ensure consistency across the logistics and transport industry in reporting
carbon emissions at the consignment or customer level.
The United Nations and the Global Reporting Initiative (GRI) launched a reporting criteria for the financial
services sector to promote global corporate environmental, social and governance (ESG) disclosure
standards. The specialist financial services sector guide includes clear social and environmental indicators for
fund managers, insurance companies and retail and corporate banks that fit with the GRI’s G3 standards, the
Supporting the work of
Quality Professionals ™
www.c-bg.com info@c-bg.com
Centauri Business Group Inc. ©2008-2013
Blog post from March 2011
2
latest version of its recommended corporate ESG reporting criteria.
Strides were also made in the area of sustainability labeling with the formation of “Windmade”, which allows
consumers to identify products made with wind energy. Today wind accounts for 2% of energy worldwide and
its contribution is finding its way into more products and services.
The overarching message of this year’s conference in Davos appears to be that sustainability objectives can
only be reached by working together. Government and NGO initiatives are insufficient and the participation of
businesses is essential for real success. All contributors to the value chain must also cooperate to achieve
effective results. The development of standards, labels, strategic frameworks and organizations are all crucial
in creating a more robust network that can lead its members toward greater sustainability.
Share this article!
Steve Rubens is a Director of Quality Professionals Resource Center. He holds an MBA and a JD and has
fifteen years of business strategic planning and consulting experience. He is also an instructor on sustainability
business strategy at UCLA Extension.

More Related Content

Viewers also liked

General Breakout Session: Social Media Recruiting Panel – Social Media Now Wh...
General Breakout Session: Social Media Recruiting Panel – Social Media Now Wh...General Breakout Session: Social Media Recruiting Panel – Social Media Now Wh...
General Breakout Session: Social Media Recruiting Panel – Social Media Now Wh...
Recruitment Innovation Summit
 
K+s benelux libramont2014 compleet_nl
K+s benelux libramont2014 compleet_nlK+s benelux libramont2014 compleet_nl
K+s benelux libramont2014 compleet_nl
Belfertil Mobile
 
Single Payer
Single PayerSingle Payer
Single Payer
soder145
 

Viewers also liked (16)

Trend Report: Boomer Entrepreneurship
Trend Report: Boomer Entrepreneurship  Trend Report: Boomer Entrepreneurship
Trend Report: Boomer Entrepreneurship
 
Get That Job!
Get That Job!Get That Job!
Get That Job!
 
Growing Learners Together
Growing Learners TogetherGrowing Learners Together
Growing Learners Together
 
Ams Wmc 2011
Ams Wmc 2011Ams Wmc 2011
Ams Wmc 2011
 
Brijesh Kumar CLIFF Workshop
Brijesh Kumar CLIFF WorkshopBrijesh Kumar CLIFF Workshop
Brijesh Kumar CLIFF Workshop
 
Portfolio2010
Portfolio2010Portfolio2010
Portfolio2010
 
Abertura e Apresentações - CMG Brasil 2010
Abertura e Apresentações - CMG Brasil 2010Abertura e Apresentações - CMG Brasil 2010
Abertura e Apresentações - CMG Brasil 2010
 
Startup University - 2. Ideas
Startup University - 2. IdeasStartup University - 2. Ideas
Startup University - 2. Ideas
 
Newsletter13.07
Newsletter13.07Newsletter13.07
Newsletter13.07
 
Ontrac the best of experiential in 2010
Ontrac   the best of experiential in 2010Ontrac   the best of experiential in 2010
Ontrac the best of experiential in 2010
 
General Breakout Session: Social Media Recruiting Panel – Social Media Now Wh...
General Breakout Session: Social Media Recruiting Panel – Social Media Now Wh...General Breakout Session: Social Media Recruiting Panel – Social Media Now Wh...
General Breakout Session: Social Media Recruiting Panel – Social Media Now Wh...
 
STEM|WORKS US Hampton Presentation
STEM|WORKS US Hampton PresentationSTEM|WORKS US Hampton Presentation
STEM|WORKS US Hampton Presentation
 
K+s benelux libramont2014 compleet_nl
K+s benelux libramont2014 compleet_nlK+s benelux libramont2014 compleet_nl
K+s benelux libramont2014 compleet_nl
 
Recruitment And Retention Of Volunteers May
Recruitment And Retention Of Volunteers   MayRecruitment And Retention Of Volunteers   May
Recruitment And Retention Of Volunteers May
 
Insight 2 my_value
Insight 2 my_valueInsight 2 my_value
Insight 2 my_value
 
Single Payer
Single PayerSingle Payer
Single Payer
 

More from Centauri Business Group Inc.

More from Centauri Business Group Inc. (17)

50001:2018 EnMS Manual Template Preview
50001:2018 EnMS Manual Template Preview50001:2018 EnMS Manual Template Preview
50001:2018 EnMS Manual Template Preview
 
ISO 22000:2018 FSMS manual template (preview)
ISO 22000:2018 FSMS manual template (preview)ISO 22000:2018 FSMS manual template (preview)
ISO 22000:2018 FSMS manual template (preview)
 
ISO 45001:2018 Audit checklist (preview)
ISO 45001:2018 Audit checklist (preview)ISO 45001:2018 Audit checklist (preview)
ISO 45001:2018 Audit checklist (preview)
 
ISO 9001/14001/45001 requirements comparison
ISO 9001/14001/45001 requirements comparisonISO 9001/14001/45001 requirements comparison
ISO 9001/14001/45001 requirements comparison
 
ISO/DIS 45001:2017 OH&S manual (preview)
ISO/DIS 45001:2017 OH&S manual (preview)ISO/DIS 45001:2017 OH&S manual (preview)
ISO/DIS 45001:2017 OH&S manual (preview)
 
Integrated Management System Manual Template (Preview)
Integrated Management System Manual Template (Preview)Integrated Management System Manual Template (Preview)
Integrated Management System Manual Template (Preview)
 
ISO 14001.2015 EMS Manual Template (preview)
ISO 14001.2015 EMS Manual Template (preview)ISO 14001.2015 EMS Manual Template (preview)
ISO 14001.2015 EMS Manual Template (preview)
 
ISO 9001:2015 Audit Checklist Preview
ISO 9001:2015 Audit Checklist PreviewISO 9001:2015 Audit Checklist Preview
ISO 9001:2015 Audit Checklist Preview
 
Risk Management in QMS Processes - examples
Risk Management in QMS Processes - examplesRisk Management in QMS Processes - examples
Risk Management in QMS Processes - examples
 
QSP 6.1 Actions to address risks and opportunities (Preview)
QSP 6.1 Actions to address risks and opportunities (Preview)QSP 6.1 Actions to address risks and opportunities (Preview)
QSP 6.1 Actions to address risks and opportunities (Preview)
 
Risk Management Requirements Implementation in ISO 9001:2015 Clauses
Risk Management Requirements Implementation in ISO 9001:2015 ClausesRisk Management Requirements Implementation in ISO 9001:2015 Clauses
Risk Management Requirements Implementation in ISO 9001:2015 Clauses
 
ISO 9001:2015 Overview. Presentation for Training (Preview)
ISO 9001:2015 Overview. Presentation for Training (Preview) ISO 9001:2015 Overview. Presentation for Training (Preview)
ISO 9001:2015 Overview. Presentation for Training (Preview)
 
Making Sustainability Work in Public Transit
Making Sustainability Work in Public TransitMaking Sustainability Work in Public Transit
Making Sustainability Work in Public Transit
 
Corporate Social Responsibility Facts and Links
Corporate Social Responsibility Facts and LinksCorporate Social Responsibility Facts and Links
Corporate Social Responsibility Facts and Links
 
Social Responsibility Facts and Links
 Social Responsibility Facts and Links Social Responsibility Facts and Links
Social Responsibility Facts and Links
 
Risk management
Risk managementRisk management
Risk management
 
Learn Journalists' Secrets Training Course FaQ
Learn Journalists' Secrets Training Course FaQLearn Journalists' Secrets Training Course FaQ
Learn Journalists' Secrets Training Course FaQ
 

Recently uploaded

PEACE BETWEEN ISRAEL AND PALESTINE REQUIRES EXTREMISTS OUT OF POWER AND RESTR...
PEACE BETWEEN ISRAEL AND PALESTINE REQUIRES EXTREMISTS OUT OF POWER AND RESTR...PEACE BETWEEN ISRAEL AND PALESTINE REQUIRES EXTREMISTS OUT OF POWER AND RESTR...
PEACE BETWEEN ISRAEL AND PALESTINE REQUIRES EXTREMISTS OUT OF POWER AND RESTR...
Faga1939
 
R$ 78 milhões: Estado aprova 593 propostas para acordos diretos de precatórios
R$ 78 milhões: Estado aprova 593 propostas para acordos diretos de precatóriosR$ 78 milhões: Estado aprova 593 propostas para acordos diretos de precatórios
R$ 78 milhões: Estado aprova 593 propostas para acordos diretos de precatórios
Maurílio Júnior
 

Recently uploaded (20)

Meta_AI_ads_investigation.pdfldoljjwejolejolol
Meta_AI_ads_investigation.pdfldoljjwejolejololMeta_AI_ads_investigation.pdfldoljjwejolejolol
Meta_AI_ads_investigation.pdfldoljjwejolejolol
 
25052024_First India Newspaper Jaipur.pdf
25052024_First India Newspaper Jaipur.pdf25052024_First India Newspaper Jaipur.pdf
25052024_First India Newspaper Jaipur.pdf
 
Encore portal Project PPt on live portal
Encore portal Project PPt on live portalEncore portal Project PPt on live portal
Encore portal Project PPt on live portal
 
Textile Waste In India | Textile Waste Management
Textile Waste In India | Textile Waste ManagementTextile Waste In India | Textile Waste Management
Textile Waste In India | Textile Waste Management
 
Nika Muhl Visa Approval Shirt, Nika Muhl Visa Approval T-Shirt
Nika Muhl Visa Approval Shirt, Nika Muhl Visa Approval T-ShirtNika Muhl Visa Approval Shirt, Nika Muhl Visa Approval T-Shirt
Nika Muhl Visa Approval Shirt, Nika Muhl Visa Approval T-Shirt
 
Embed-4-1-1.pdf vm ;sdkp[kdp[kpdkpodp;p;j
Embed-4-1-1.pdf vm ;sdkp[kdp[kpdkpodp;p;jEmbed-4-1-1.pdf vm ;sdkp[kdp[kpdkpodp;p;j
Embed-4-1-1.pdf vm ;sdkp[kdp[kpdkpodp;p;j
 
Dominican American Coalition PAC Executive Summary
Dominican American Coalition PAC Executive SummaryDominican American Coalition PAC Executive Summary
Dominican American Coalition PAC Executive Summary
 
2024 - Love and Madness - a book about love, madness, heartbreak and politics
2024 - Love and Madness - a book about love, madness, heartbreak and politics2024 - Love and Madness - a book about love, madness, heartbreak and politics
2024 - Love and Madness - a book about love, madness, heartbreak and politics
 
24052024_First India Newspaper Jaipur.pdf
24052024_First India Newspaper Jaipur.pdf24052024_First India Newspaper Jaipur.pdf
24052024_First India Newspaper Jaipur.pdf
 
Embed-4-3 (1).pdf cvxx'f['df[p'lf][l][fl][fl][][l[
Embed-4-3 (1).pdf cvxx'f['df[p'lf][l][fl][fl][][l[Embed-4-3 (1).pdf cvxx'f['df[p'lf][l][fl][fl][][l[
Embed-4-3 (1).pdf cvxx'f['df[p'lf][l][fl][fl][][l[
 
PEACE BETWEEN ISRAEL AND PALESTINE REQUIRES EXTREMISTS OUT OF POWER AND RESTR...
PEACE BETWEEN ISRAEL AND PALESTINE REQUIRES EXTREMISTS OUT OF POWER AND RESTR...PEACE BETWEEN ISRAEL AND PALESTINE REQUIRES EXTREMISTS OUT OF POWER AND RESTR...
PEACE BETWEEN ISRAEL AND PALESTINE REQUIRES EXTREMISTS OUT OF POWER AND RESTR...
 
israeil_bnetaniahou_panel_report_eng.pdf
israeil_bnetaniahou_panel_report_eng.pdfisraeil_bnetaniahou_panel_report_eng.pdf
israeil_bnetaniahou_panel_report_eng.pdf
 
Minnesota Timberwolves Bring Ya Ass T Shirt
Minnesota Timberwolves Bring Ya Ass T ShirtMinnesota Timberwolves Bring Ya Ass T Shirt
Minnesota Timberwolves Bring Ya Ass T Shirt
 
23052024_First India Newspaper Jaipur.pdf
23052024_First India Newspaper Jaipur.pdf23052024_First India Newspaper Jaipur.pdf
23052024_First India Newspaper Jaipur.pdf
 
21052024_First India Newspaper Jaipur.pdf
21052024_First India Newspaper Jaipur.pdf21052024_First India Newspaper Jaipur.pdf
21052024_First India Newspaper Jaipur.pdf
 
R$ 78 milhões: Estado aprova 593 propostas para acordos diretos de precatórios
R$ 78 milhões: Estado aprova 593 propostas para acordos diretos de precatóriosR$ 78 milhões: Estado aprova 593 propostas para acordos diretos de precatórios
R$ 78 milhões: Estado aprova 593 propostas para acordos diretos de precatórios
 
Embed-3-1-1.pdf The ECI direction on April 2, 2024 can be read here:
Embed-3-1-1.pdf  The ECI direction on April 2, 2024 can be read here:Embed-3-1-1.pdf  The ECI direction on April 2, 2024 can be read here:
Embed-3-1-1.pdf The ECI direction on April 2, 2024 can be read here:
 
May 2024 - Crypto Market Report_FINAL.pdf
May 2024 - Crypto Market Report_FINAL.pdfMay 2024 - Crypto Market Report_FINAL.pdf
May 2024 - Crypto Market Report_FINAL.pdf
 
Have A Complimentary Cheat Sheet, On Us!!!
Have A Complimentary Cheat Sheet, On Us!!!Have A Complimentary Cheat Sheet, On Us!!!
Have A Complimentary Cheat Sheet, On Us!!!
 
Mizzima Weekly Analysis & Insight Issue 1
Mizzima Weekly Analysis & Insight Issue 1Mizzima Weekly Analysis & Insight Issue 1
Mizzima Weekly Analysis & Insight Issue 1
 

New Developments in Sustainability from the World Economic Forum in Davos

  • 1. Supporting the work of Quality Professionals ™ www.c-bg.com info@c-bg.com Centauri Business Group Inc. 2008-2013 1 New Developments in Sustainability from the World Economic Forum in Davos The theme of the World Economic Forum (WEF) in Davos this year was “Shared Norms for the New Reality.” Several speakers communicated that the business world must come together in furtherance of sustainability goals because cooperation through government has been slow to progress. The conference celebrated the 10th anniversary of one such cooperative effort, the Global Compact. This initiative was introduced to encourage companies toward greater ambitions in the area of sustainability. This year, a new platform for corporate sustainability leadership, Global Compact LEAD, was introduced to challenge the member companies to implement the Blueprint for Corporate Sustainability Leadership, a list of approximately 50 action steps that companies can take to achieve improved sustainability. At this year’s conference, the renowned Harvard Business School strategy professor, Michael Porter, put forth his latest strategic concept: Shared Value. He suggested that the existing model for value creation that most companies use is outdated and is based on optimizing short-term profitability at the expense of long-term success. Porter proposed that companies need to create economic value in a way that also addresses the problems and challenges facing society. The “Shared Norms” theme also manifested itself in new reporting practices in various industries. Since the transport industry is a key component of the value chain of most industries, companies that seek to achieve sustainability are impeded in their efforts if their transport partners are not also assessing their own sustainability. To address this issue, the conference introduced the Guidelines on Consignment-Level Carbon Reporting, a set of principles to ensure consistency across the logistics and transport industry in reporting carbon emissions at the consignment or customer level. The United Nations and the Global Reporting Initiative (GRI) launched a reporting criteria for the financial services sector to promote global corporate environmental, social and governance (ESG) disclosure standards. The specialist financial services sector guide includes clear social and environmental indicators for fund managers, insurance companies and retail and corporate banks that fit with the GRI’s G3 standards, the
  • 2. Supporting the work of Quality Professionals ™ www.c-bg.com info@c-bg.com Centauri Business Group Inc. ©2008-2013 Blog post from March 2011 2 latest version of its recommended corporate ESG reporting criteria. Strides were also made in the area of sustainability labeling with the formation of “Windmade”, which allows consumers to identify products made with wind energy. Today wind accounts for 2% of energy worldwide and its contribution is finding its way into more products and services. The overarching message of this year’s conference in Davos appears to be that sustainability objectives can only be reached by working together. Government and NGO initiatives are insufficient and the participation of businesses is essential for real success. All contributors to the value chain must also cooperate to achieve effective results. The development of standards, labels, strategic frameworks and organizations are all crucial in creating a more robust network that can lead its members toward greater sustainability. Share this article! Steve Rubens is a Director of Quality Professionals Resource Center. He holds an MBA and a JD and has fifteen years of business strategic planning and consulting experience. He is also an instructor on sustainability business strategy at UCLA Extension.